The underlying economic weakness combined with the expansionary stance of fiscal policy and a very accommodative monetary policy led to a considerable deterioration in the general government financial balance and a further rise in the already large current account deficit.
La debilidad económica subyacente, unida a la orientación expansiva de la política fiscal y a una política monetaria sumamente acomodaticia, provocaron un considerable deterioro del equilibrio financiero general del sector público e incrementaron el déficit ya considerable por cuenta corriente.